Key stats
About iShares Floating Rate Bond ETF
Expense ratio
0.15%
Home page
Inception date
Jun 14, 2011
FLOT tracks an index of investment-grade floating rate corporate bonds with maturities of 0-5 years. These bonds pay a variable coupon rate, the majority of which vary with the 3-month LIBOR. The fund may hold these variable rate bonds from large-, mid-, or small-cap corporations that are US registered, or denominated in US dollars, as well as government and supranational entities. Bank issues typically dominate the basket. FLOT takes a very straightforward and broad approach to its holdings, so expect market-like exposure overall.
Classification
What's in the fund
Exposure type
Corporate
Government
Bonds, Cash & Other100.00%
Corporate72.95%
Government25.99%
Cash0.71%
Agency0.21%
Miscellaneous0.14%
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